Fixed Deposit in Nagpur
Nagpur, once the capital city of Madhya Pradesh, is now the third largest city in the state of Maharashtra, after Mumbai and Pune. Many surveys in the recent past have crowned the ‘Orange City’ as one of the best in terms of greenery, livability, healthcare, public transport and more parameters.
Nagpur is a major political and commercial hub of Maharashtra. Nagpur is also a major technological hub. The city is also a major economic centre, and people take a keen interest in investing in different avenues.
Investment options in Nagpur
Nagpur citizens can easily make most of investment schemes such as:
Real estate – Real estate can offer a higher ROI to investors if they are ready to stay invested for years or till the time is ripe to gain leverage.
Mutual funds – Mutual funds are good investment option these days, as they offer higher returns. However, they do not offer a fixed ROI as it’s impacted by market conditions.
Stocks – Similar to mutual funds, even stocks offer higher returns, but its ROI is not guaranteed.
Fixed deposits – Fixed deposits are safe investment plans as they offer a higher interest rate along with guaranteed ROI.
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Fixed deposit features and benefits in Nagpur
Here are some of the features and benefits of investing in Bajaj Finance Fixed Deposits in Nagpur:
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Higher interest rate for senior citizens
Senior Citizens can gain from 0.25% higher interest rate, over and above theexisting interest rates, which can help them grow their retirement corpus easily.
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Lower investment amount
You can begin investing in an FD plan of Bajaj Finance with an investment amount as low as Rs.25, 000.
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FD Calculator
Fixed Deposit Calculator is an online tool that helps you determine the maturity amount and returns on your FD, even before you start investing.
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Online account management
Easily track your investments 24X7 with hassle-free online account management.
Eligibility Criteria
Nagpur residents can get started with a Bajaj Finance Fixed Deposit if they are ready to invest at least Rs.25, 000. Additionally, you need to be any of the following:
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Resident Indian citizen
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Hindu Undivided Family (HUF)
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Companies along with group companies, partnership firms, and sole proprietorship
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Family trusts
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Societies, clubs, and associations
Create more wealth with Bajaj Finance FDs
Bajaj Finance FDs are also available in Mumbai, Pune, Amravati, Aurangabad, Kolhapur, Nashik, Latur, Nanded, Chiplun and many more cities.
FD Rates in Nagpur
Here’s a look at interest rates offered by Bajaj Finance FDs in Nagpur.
Annual rate of interest valid for deposits up to Rs.5 crore (w.e.f 05 May 2020) |
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| Tenor in Months | Minimum deposit (in Rs.) | Cumulative | Non-Cumulative | |||
| Monthly | Quarterly | Half Yearly | Annual | |||
| 12 – 23 | 25,000 | 7.65% | 7.39% | 7.44% | 7.51% | 7.65% |
| 24 – 35 | 7.70% | 7.44% | 7.49% | 7.56% | 7.70% | |
| 36 - 47 | 7.75% | 7.49% | 7.53% | 7.61% | 7.75% | |
| 48 - 60 | 7.85% | 7.58% | 7.63% | 7.70% | 7.85% | |
Rate benefits basis customer category (w.e.f 05 May 2020):
+ 0.25% for senior citizens
+ 0.10% for Bajaj Group employees, Bajaj Finance Ltd customers and Bajaj Allianz Life Insurance existing policyholders
Renewal:
+0.10% over and above the rate of interest at which the deposit is booked
To book an FD with Bajaj Finance in Nagpur , visit the address mentioned below:
Bajaj Finance Limited
1St & 2Nd Floor, Plot No. - 5, Lotus Building, Gorepath Layout, Whc Road, Dharampeth, Nagpur - 440 010.
